Oil and economic data push FTSE up

Professional Adviser
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The FTSE 100 index has climbed 7 points to 4,151 this morning following yesterday's rally in New Yor...

The FTSE 100 index has climbed 7 points to 4,151 this morning following yesterday's rally in New York and renewed rises in oil prices as analysts point to tight reserves amid continuing geopolitical activities. An overnight attempt to shoot down an Israeli commercial jet in Africa as well as a reported car bombing of a hotel have hightened fears of war with Iraq. BP is up 6p to 423p and Shell is up 5p to 418.5p. It has also been a good day for media stocks after overnight news that the US economy is continuing to pick up steam, something that would boost cyclicals suc...

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